Blowout Preventer Market Size, Share & Trends Analysis Report By Type (Annular Blowout Preventers, Ram Blowout Preventers, Hybrid Blowout Preventers), By End-use (Oil & Gas, Geothermal, Mining), By Region, And Segment Forecasts, 2025 - 2030

PUBLISHED: February 6, 2025

PAGES: 110 Pages

DELIVERY TIME: 2-10 business days

ADD TO COMPARE

SELECT AN OPTION

The global blowout preventer market size was valued at USD 7.16 billion in 2024 and is expected to grow at a CAGR of 3.51% from 2025 to 2030. The industry is primarily driven by the increasing global demand for oil and gas, which necessitates advanced safety measures in drilling operations. As exploration activities expand into deeper and more challenging offshore and onshore environments, the risk of uncontrolled well-blowouts rises, leading to stricter safety regulations. Regulatory bodies such as the Occupational Safety and Health Administration (OSHA) and the American Petroleum Institute (API) impose stringent standards for well control equipment, pushing operators to invest in high-performance BOP systems.

Growing investments in deepwater and ultra-deepwater projects, particularly in regions like the Gulf of Mexico, North Sea, and offshore Brazil, further drive the adoption of technologically advanced BOPs to ensure operational safety and compliance.

Another key driver is the rapid advancement in BOP technology, including automated control systems, real-time monitoring, and improved sealing mechanisms. Innovations such as smart BOPs with predictive maintenance capabilities help reduce downtime and enhance operational efficiency. Moreover, the industry is witnessing a shift toward renewable energy transition, which compels oil and gas companies to optimize existing resources by minimizing risks and improving equipment reliability. The increasing focus on cost-effective and environmentally friendly drilling solutions also propels the market, as manufacturers develop BOPs with enhanced durability and lower maintenance costs. Furthermore, the rising number of mature oilfields and well intervention activities creates additional demand for BOP systems to ensure safe and efficient well control operations.

Global Blowout Preventer Market Report Segmentation

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global blowout preventer market report on the basis of type, end-use, and region:

Type Outlook (Revenue, USD Million, 2018 - 2030)
Annular Blowout Preventers
Ram Blowout Preventers
Hybrid Blowout Preventers
End Use Outlook (Revenue, USD Million, 2018 - 2030)
Oil & Gas
Geothermal
Mining
Regional Outlook (Revenue, USD Million, 2018 - 2030)
North America
- U.S.
- Canada
- Mexico
Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
Asia Pacific
- China
- India
- Japan
- Australia
Central & South America
- Brazil
- Argentina
Middle East & Africa
- Saudi Arabia
- UAE
- South Africa

Product Code: GVR-4-68040-513-5

Chapter 1. Methodology and Scope

1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Materials & Third-Party Perspectives
- 1.3.4. Primary Research
1.4. Information Analysis
- 1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing
1.7. List of Abbreviations

Chapter 2. Executive Summary

2.1. Market Outlook, 2024 (USD Million)
2.2. Segmental Outlook
2.3. Competitive Landscape Snapshot

Chapter 3. Blowout Preventer Market Variables, Trends, and Scope

3.1. Market Lineage Outlook
3.2. Penetration and Growth Prospect Mapping
3.3. Industry Value Chain Analysis
3.4. Regulatory Framework
3.5. Market Dynamics
- 3.5.1. Market Driver Analysis
- 3.5.2. Market Restraint Analysis
- 3.5.3. Market Challenges Analysis
- 3.5.4. Market Opportunity Analysis
3.6. Business Environment Analysis
- 3.6.1. Industry Analysis - Porter's Five Forces Analysis
- 3.6.2. PESTEL Analysis

Chapter 4. Blowout Preventer Market: Type Estimates & Trend Analysis

4.1. Definition & Scope
4.2. Type Movement Analysis & Market Share, 2024 & 2030
4.3. Annular Blowout Preventers
- 4.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
4.4. Ram Blowout Preventers
- 4.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
4.5. Hybrid Blowout Preventers
- 4.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million)

Chapter 5. Blowout Preventer Market: End-use Estimates & Trend Analysis

5.1. Definition & Scope
5.2. End-use Movement Analysis & Market Share, 2024 & 2030
5.3. Oil & Gas
- 5.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
5.4. Geothermal
- 5.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
5.5. Mining
- 5.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million)

Chapter 6. Blowout Preventer Market: Regional Estimates & Trend Analysis

6.1. Key Takeaways
6.2. Regional Movement Analysis & Market Share, 2024 & 2030
6.3. North America
- 6.3.1. market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.3.2. market estimates and forecasts, by type, 2018 - 2030 (USD Million)
- 6.3.3. market estimates and forecasts, by end-use, 2018 - 2030 (USD Million)
- 6.3.4. U.S.
  - 6.3.4.1. market estimates and forecasts, 2018 - 2030 (USD Million)
  - 6.3.4.2. market estimates and forecasts, by type, 2018 - 2030 (USD Million)
  - 6.3.4.3. market estimates and forecasts, by end-use, 2018 - 2030 (USD Million)
- 6.3.5. Canada
  - 6.3.5.1. market estimates and forecasts, 2018 - 2030 (USD Million)
  - 6.3.5.2. market estimates and forecasts, by type, 2018 - 2030 (USD Million)
  - 6.3.5.3. market estimates and forecasts, by end-use, 2018 - 2030 (USD Million)
- 6.3.6. Mexico
  - 6.3.6.1. market estimates and forecasts, 2018 - 2030 (USD Million)
  - 6.3.6.2. market estimates and forecasts, by type, 2018 - 2030 (USD Million)
  - 6.3.6.3. market estimates and forecasts, by end-use, 2018 - 2030 (USD Million)
6.4. Europe
- 6.4.1. market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.4.2. market estimates and forecasts, by type, 2018 - 2030 (USD Million)
- 6.4.3. market estimates and forecasts, by end-use, 2018 - 2030 (USD Million)
- 6.4.4. Germany
  - 6.4.4.1. market estimates and forecasts, 2018 - 2030 (USD Million)
  - 6.4.4.2. market estimates and forecasts, by type, 2018 - 2030 (USD Million)
  - 6.4.4.3. market estimates and forecasts, by end-use, 2018 - 2030 (USD Million)
- 6.4.5. UK
  - 6.4.5.1. market estimates and forecasts, 2018 - 2030 (USD Million)
  - 6.4.5.2. market estimates and forecasts, by type, 2018 - 2030 (USD Million)
  - 6.4.5.3. market estimates and forecasts, by end-use, 2018 - 2030 (USD Million)
- 6.4.6. France
  - 6.4.6.1. market estimates and forecasts, 2018 - 2030 (USD Million)
  - 6.4.6.2. market estimates and forecasts, by type, 2018 - 2030 (USD Million)
  - 6.4.6.3. market estimates and forecasts, by end-use, 2018 - 2030 (USD Million)
- 6.4.7. Italy
  - 6.4.7.1. market estimates and forecasts, 2018 - 2030 (USD Million)
  - 6.4.7.2. market estimates and forecasts, by type, 2018 - 2030 (USD Million)
  - 6.4.7.3. market estimates and forecasts, by end-use, 2018 - 2030 (USD Million)
- 6.4.8. Spain
  - 6.4.8.1. market estimates and forecasts, 2018 - 2030 (USD Million)
  - 6.4.8.2. market estimates and forecasts, by type, 2018 - 2030 (USD Million)
  - 6.4.8.3. market estimates and forecasts, by end-use, 2018 - 2030 (USD Million)
- 6.4.9. Russia
  - 6.4.9.1. market estimates and forecasts, 2018 - 2030 (USD Million)
  - 6.4.9.2. market estimates and forecasts, by type, 2018 - 2030 (USD Million)
  - 6.4.9.3. market estimates and forecasts, by end-use, 2018 - 2030 (USD Million)
6.5. Asia Pacific
- 6.5.1. market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.5.2. market estimates and forecasts, by type, 2018 - 2030 (USD Million)
- 6.5.3. market estimates and forecasts, by end-use, 2018 - 2030 (USD Million)
- 6.5.4. China
  - 6.5.4.1. market estimates and forecasts, 2018 - 2030 (USD Million)
  - 6.5.4.2. market estimates and forecasts, by type, 2018 - 2030 (USD Million)
  - 6.5.4.3. market estimates and forecasts, by end-use, 2018 - 2030 (USD Million)
- 6.5.5. India
  - 6.5.5.1. market estimates and forecasts, 2018 - 2030 (USD Million)
  - 6.5.5.2. market estimates and forecasts, by type, 2018 - 2030 (USD Million)
  - 6.5.5.3. market estimates and forecasts, by end-use, 2018 - 2030 (USD Million)
- 6.5.6. Japan
  - 6.5.6.1. market estimates and forecasts, 2018 - 2030 (USD Million)
  - 6.5.6.2. market estimates and forecasts, by type, 2018 - 2030 (USD Million)
  - 6.5.6.3. market estimates and forecasts, by end-use, 2018 - 2030 (USD Million)
- 6.5.7. Australia
  - 6.5.7.1. market estimates and forecasts, 2018 - 2030 (USD Million)
  - 6.5.7.2. market estimates and forecasts, by type, 2018 - 2030 (USD Million)
  - 6.5.7.3. market estimates and forecasts, by end-use, 2018 - 2030 (USD Million)
6.6. Central & South America
- 6.6.1. market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.6.2. market estimates and forecasts, by type, 2018 - 2030 (USD Million)
- 6.6.3. market estimates and forecasts, by end-use, 2018 - 2030 (USD Million)
- 6.6.4. Brazil
  - 6.6.4.1. market estimates and forecasts, 2018 - 2030 (USD Million)
  - 6.6.4.2. market estimates and forecasts, by type, 2018 - 2030 (USD Million)
  - 6.6.4.3. market estimates and forecasts, by end-use, 2018 - 2030 (USD Million)
- 6.6.5. Argentina
  - 6.6.5.1. market estimates and forecasts, 2018 - 2030 (USD Million)
  - 6.6.5.2. market estimates and forecasts, by type, 2018 - 2030 (USD Million)
  - 6.6.5.3. market estimates and forecasts, by end-use, 2018 - 2030 (USD Million)
6.7. Middle East & Africa
- 6.7.1. market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.7.2. market estimates and forecasts, by type, 2018 - 2030 (USD Million)
- 6.7.3. market estimates and forecasts, by end-use, 2018 - 2030 (USD Million)
- 6.7.4. Saudi Arabia
  - 6.7.4.1. market estimates and forecasts, 2018 - 2030 (USD Million)
  - 6.7.4.2. market estimates and forecasts, by type, 2018 - 2030 (USD Million)
  - 6.7.4.3. market estimates and forecasts, by end-use, 2018 - 2030 (USD Million)
- 6.7.5. UAE
  - 6.7.5.1. market estimates and forecasts, 2018 - 2030 (USD Million)
  - 6.7.5.2. market estimates and forecasts, by type, 2018 - 2030 (USD Million)
  - 6.7.5.3. market estimates and forecasts, by end-use, 2018 - 2030 (USD Million)
- 6.7.6. South Africa
  - 6.7.6.1. market estimates and forecasts, 2018 - 2030 (USD Million)
  - 6.7.6.2. market estimates and forecasts, by type, 2018 - 2030 (USD Million)
  - 6.7.6.3. market estimates and forecasts, by end-use, 2018 - 2030 (USD Million)

Chapter 7. Competitive Landscape

7.1. Key Players & Recent Developments & Their Impact on the Industry
7.2. Key Company/Competition Categorization
7.3. List of key Components Suppliers and Channel Partners
7.4. Company Market Share & Position Analysis, 2024
7.5. Company Heat Map Analysis
7.6. Competitive Dashboard Analysis
7.7. Strategy Mapping
- 7.7.1. Collaboration/ Partnerships/ Agreements
- 7.7.2. New Product launches
- 7.7.3. Mergers & Acquisitions
- 7.7.4. Research & Development
- 7.7.5. Others
7.8. Company Listing/Profiles
- 7.8.1. Schlumberger
  - 7.8.1.1. Company Overview
  - 7.8.1.2. Financial Performance
  - 7.8.1.3. Product Benchmarking
- 7.8.2. Halliburton
- 7.8.3. Parker Tube Fitting
- 7.8.4. FMC Technologies
- 7.8.5. Baker Hughes
- 7.8.6. Tenaris
- 7.8.7. Valve Solutions
- 7.8.8. National Oilwell Varco
- 7.8.9. Cameron International
- 7.8.10. GE Oiland Gas
- 7.8.11. Weatherford
- 7.8.12. Parker Hannifin
- 7.8.13. DrilQuip
- 7.8.14. TechnipFMC
- 7.8.15. Aker Solutions

Product Code: GVR-4-68040-513-5

List of Tables

Table 1. Blowout Preventer market estimates and forecasts, by type, 2018 - 2030 (USD Million)
Table 2. Blowout Preventer market estimates and forecasts, by annular blowout preventer, 2018 - 2030 (USD Million)
Table 3. Blowout Preventer market estimates and forecasts, by ram blowout preventer, 2018 - 2030 (USD Million)
Table 4. Blowout Preventer market estimates and forecasts, by hybrid blowout preventer, 2018 - 2030 (USD Million)
Table 5. Blowout Preventer market estimates and forecasts, by end-use, 2018 - 2030 (USD Million)
Table 6. Blowout Preventer market estimates and forecasts, by oil & gas, 2018 - 2030 (USD Million)
Table 7. Blowout Preventer market estimates and forecasts, by geothermal, 2018 - 2030 (USD Million)
Table 8. Blowout Preventer market estimates and forecasts, by mining, 2018 - 2030 (USD Million)
Table 9. Blowout Preventer market estimates and forecasts, by region, 2018 - 2030 (USD Million)
Table 10. North America Blowout Preventer market estimates and forecasts, 2018 - 2030 (USD Million)
Table 11. North America Blowout Preventer market estimates and forecasts, by type, 2018 - 2030 (USD Million)
Table 12. North America Blowout Preventer market estimates and forecasts, by end-use, 2018 - 2030 (USD Million)
Table 13. U.S. Blowout Preventer market estimates and forecasts, 2018 - 2030 (USD Million)
Table 14. U.S. Blowout Preventer market estimates and forecasts, by type, 2018 - 2030 (Units) (USD Million)
Table 15. U.S. Blowout Preventer market estimates and forecasts, by end-use, 2018 - 2030 (Units) (USD Million)
Table 16. Canada Blowout Preventer market estimates and forecasts, 2018 - 2030 (USD Million)
Table 17. Canada Blowout Preventer market estimates and forecasts, by type, 2018 - 2030 (USD Million)
Table 18. Canada Blowout Preventer market estimates and forecasts, by end-use, 2018 - 2030 (USD Million)
Table 19. Mexico Blowout Preventer market estimates and forecasts, 2018 - 2030 (USD Million)
Table 20. Mexico Blowout Preventer market estimates and forecasts, by type, 2018 - 2030 (USD Million)
Table 21. Mexico Blowout Preventer market estimates and forecasts, by end-use, 2018 - 2030 (USD Million)
Table 22. Europe Blowout Preventer market estimates and forecasts, 2018 - 2030 (USD Million)
Table 23. Europe Blowout Preventer market estimates and forecasts, by type, 2018 - 2030 (USD Million)
Table 24. Europe Blowout Preventer market estimates and forecasts, by end-use, 2018 - 2030 (USD Million)
Table 25. Germany Blowout Preventer market estimates and forecasts, 2018 - 2030 (USD Million)
Table 26. Germany Blowout Preventer market estimates and forecasts, by type, 2018 - 2030 (USD Million)
Table 27. Germany Blowout Preventer market estimates and forecasts, by end-use, 2018 - 2030 (USD Million)
Table 28. UK Blowout Preventer market estimates and forecasts, 2018 - 2030 (USD Million)
Table 29. UK Blowout Preventer market estimates and forecasts, by type, 2018 - 2030 (USD Million)
Table 30. UK Blowout Preventer market estimates and forecasts, by end-use, 2018 - 2030 (USD Million)
Table 31. France Blowout Preventer market estimates and forecasts, 2018 - 2030 (USD Million)
Table 32. France Blowout Preventer market estimates and forecasts, by type, 2018 - 2030 (USD Million)
Table 33. France Blowout Preventer market estimates and forecasts, by end-use, 2018 - 2030 (USD Million)
Table 34. Italy Blowout Preventer market estimates and forecasts, 2018 - 2030 (USD Million)
Table 35. Italy Blowout Preventer market estimates and forecasts, by type, 2018 - 2030 (USD Million)
Table 36. Italy Blowout Preventer market estimates and forecasts, by end-use, 2018 - 2030 (USD Million)
Table 37. Spain Blowout Preventer market estimates and forecasts, 2018 - 2030 (USD Million)
Table 38. Spain Blowout Preventer market estimates and forecasts, by type, 2018 - 2030 (USD Million)
Table 39. Spain Blowout Preventer market estimates and forecasts, by end-use, 2018 - 2030 (USD Million)
Table 40. Russia Blowout Preventer market estimates and forecasts, 2018 - 2030 (USD Million)
Table 41. Russia Blowout Preventer market estimates and forecasts, by type, 2018 - 2030 (USD Million)
Table 42. Russia Blowout Preventer market estimates and forecasts, by end-use, 2018 - 2030 (USD Million)
Table 43. Asia Pacific Blowout Preventer market estimates and forecasts, 2018 - 2030 (USD Million)
Table 44. Asia Pacific Blowout Preventer market estimates and forecasts, by type, 2018 - 2030 (USD Million)
Table 45. Asia Pacific Blowout Preventer market estimates and forecasts, by end-use, 2018 - 2030 (USD Million)
Table 46. China Blowout Preventer market estimates and forecasts, 2018 - 2030 (USD Million)
Table 47. China Blowout Preventer market estimates and forecasts, by type, 2018 - 2030 (USD Million)
Table 48. China Blowout Preventer market estimates and forecasts, by end-use, 2018 - 2030 (USD Million)
Table 49. Japan Blowout Preventer market estimates and forecasts, 2018 - 2030 (USD Million)
Table 50. Japan Blowout Preventer market estimates and forecasts, by type, 2018 - 2030 (USD Million)
Table 51. Japan Blowout Preventer market estimates and forecasts, by end-use, 2018 - 2030 (USD Million)
Table 52. India Blowout Preventer market estimates and forecasts, 2018 - 2030 (USD Million)
Table 53. India Blowout Preventer market estimates and forecasts, by type, 2018 - 2030 (USD Million)
Table 54. India Blowout Preventer market estimates and forecasts, by end-use, 2018 - 2030 (USD Million)
Table 55. Australia Blowout Preventer market estimates and forecasts, 2018 - 2030 (USD Million)
Table 56. Australia Blowout Preventer market estimates and forecasts, by type, 2018 - 2030 (USD Million)
Table 57. Australia Blowout Preventer market estimates and forecasts, by end-use, 2018 - 2030 (USD Million)
Table 58. Central & South America Blowout Preventer market estimates and forecasts, 2018 - 2030 (USD Million)
Table 59. Central & South America Blowout Preventer market estimates and forecasts, by type, 2018 - 2030 (USD Million)
Table 60. Central & South America Blowout Preventer market estimates and forecasts, by end-use, 2018 - 2030 (USD Million)
Table 61. Brazil Blowout Preventer market estimates and forecasts, 2018 - 2030 (USD Million)
Table 62. Brazil Blowout Preventer market estimates and forecasts, by type, 2018 - 2030 (USD Million)
Table 63. Brazil Blowout Preventer market estimates and forecasts, by end-use, 2018 - 2030 (USD Million)
Table 64. Argentina Blowout Preventer market estimates and forecasts, 2018 - 2030 (USD Million)
Table 65. Argentina Blowout Preventer market estimates and forecasts, by type, 2018 - 2030 (USD Million)
Table 66. Argentina Blowout Preventer market estimates and forecasts, by end-use, 2018 - 2030 (USD Million)
Table 67. Middle East & Africa Blowout Preventer market estimates and forecasts, 2018 - 2030 (USD Million)
Table 68. Middle East & Africa Blowout Preventer market estimates and forecasts, by type, 2018 - 2030 (USD Million)
Table 69. Middle East & Africa Blowout Preventer market estimates and forecasts, by end-use, 2018 - 2030 (USD Million)
Table 70. Saudi Arabia Blowout Preventer market estimates and forecasts, 2018 - 2030 (USD Million)
Table 71. Saudi Arabia Blowout Preventer market estimates and forecasts, by type, 2018 - 2030 (USD Million)
Table 72. Saudi Arabia Blowout Preventer market estimates and forecasts, by end-use, 2018 - 2030 (USD Million)
Table 73. UAE Blowout Preventer market estimates and forecasts, 2018 - 2030 (USD Million)
Table 74. UAE Blowout Preventer market estimates and forecasts, by type, 2018 - 2030 (USD Million)
Table 75. UAE Blowout Preventer market estimates and forecasts, by end-use, 2018 - 2030 (USD Million)
Table 76. South Africa Blowout Preventer market estimates and forecasts, 2018 - 2030 (USD Million)
Table 77. South Africa Blowout Preventer market estimates and forecasts, by type, 2018 - 2030 (USD Million)
Table 78. South Africa Blowout Preventer market estimates and forecasts, by end-use, 2018 - 2030 (USD Million)